Virginia Clay Dorman Foundation
- Assets
- $17.0m
- Revenue
- $1.9m
- Investments
- $15.5m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-1626857
Organization Overview
Virginia Clay Dorman Foundation is located in Fort Worth, TX. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Clay Dorman Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Virginia Clay Dorman Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 12.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Virginia Clay Dorman Foundation has awarded 82 individual grants totaling $4,570,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Clay Director | 1 | $3,000 | |
Karen Patterson Vargas Director | 0.5 | $3,000 | |
Michael Alan Patterson Director | 0.5 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,984 |
| Dividends & Interest | $523,566 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,367,923 |
| Capital Gain Net Income | $1,367,923 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $760 |
| Total Revenue | $1,907,233 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,092 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $77,326 |
| Total operating and administrative expenses | $117,994 |
| Contributions, gifts, grants paid | $1,100,000 |
| Total expenses and disbursements | $1,217,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,809 |
| Savings and temporary cash investments | $1,326,175 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,506,482 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,953,466 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Virginia Clay Dorman Foundation has awarded $1,100,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
COOK CHILDREN'S HEALTH FOUNDATION PURPOSE: FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT | $167,500 |
Fort Worth, TX PURPOSE: FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT | $150,000 |
UNIVERSITY OF TEXAS AT ARLINGTON COLLEGE OF BUS PURPOSE: FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT | $150,000 |
Arlington, TX PURPOSE: FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT | $100,000 |
TCU NEELEY SCHOOL OF BUSINESS PURPOSE: FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT | $100,000 |
TCU HARRIS COLLEGE OF NURSING & HEALTH SCIENCE PURPOSE: FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Oklahoma Regional Disposal Inc Ardmore, OK | $26,583,430 | $8,747,101 |
Refuge For Dmst Austin, TX | $8,762,673 | $5,480,979 |
Tom And Judy Love Foundation Oklahoma City, OK | $25,645,050 | $2,597,711 |
Las Campanas Water And Sewer Cooperative Santa Fe, NM | $20,840,511 | $2,681,425 |
Virginia Clay Dorman Foundation Fort Worth, TX | $16,953,466 | $1,907,233 |
Pelican Center For Children And Families Zachary, LA | $477,827 | $955,905 |
Arkansas Justice Collective Springdale, AR | $465,540 | $883,809 |
Peach Mott Foundation Inc Victoria, TX | $9,475,133 | $716,712 |
Supporting People In Need Silver City, NM | $29,800 | $747,510 |
Front Yard Bikes Baton Rouge, LA | $741,430 | $728,321 |
Fort Worth Report Fort Worth, TX | $808,066 | $1,446,155 |
New Mexico Black Leadership Council Albquerque, NM | $772,650 | $1,115,978 |